Welcome to our dedicated page for Tower Semiconductor news (Ticker: TSEM), a resource for investors and traders seeking the latest updates and insights on Tower Semiconductor stock.
Tower Semiconductor Ltd (TSEM) is a global leader in specialty analog and mixed-signal semiconductor manufacturing. This page serves as the definitive source for official company announcements, financial updates, and technology developments. Investors and industry professionals will find timely updates on earnings reports, strategic partnerships, product innovations, and operational milestones.
Our curated collection features press releases covering quarterly financial results, manufacturing expansions, and technology partnerships across automotive, industrial, and consumer electronics sectors. Stay informed about TSEM's advancements in RF solutions, power management ICs, and CMOS image sensor technologies through verified primary sources.
Key updates include executive leadership changes, regulatory filings, and capacity expansion announcements from Tower Semiconductor's global fabrication facilities. Bookmark this page for direct access to critical information affecting the company's market position and semiconductor industry trends.
Tower Semiconductor (NASDAQ/TASE: TSEM) has announced its new 300mm 65nm 3.3V-based BCD Power management platform (PML), complementing its existing 5V-based offering currently in high-volume production in Japan and undergoing qualification in Albuquerque, New Mexico.
The platform features LDMOS devices with ultra-low on-resistance and best-in-class figure-of-merit, designed for high power efficiency in mobile devices, AI, and data center applications. The technology includes power devices with wide voltage range and 3.3V gate voltage capability, suitable for PMIC, Audio IC, and high-power voltage regulators for GPU and CPU applications.
Tower Semiconductor (NASDAQ/TASE: TSEM) has received an award from Semtech for Manufacturing Excellence and Partnership in Execution of CY2024 Wafer Shipments. The recognition highlights Tower's successful high-volume production ramp-up of advanced SiGe (Silicon Germanium) integrated circuits during peak demand periods.
The partnership between Tower and Semtech has resulted in significant market share in SiGe products for AI and data center applications, including transimpedance amplifiers, drivers, clock and data recovery, and active copper cable components. These components are important for meeting the increasing demand in AI and data center applications.
Tower Semiconductor (NASDAQ/TASE: TSEM) has announced the release of its new 300mm Silicon Photonics (SiPho) process as a standard foundry offering. This advanced process complements their existing 200mm (PH18) platform, which is currently in high-volume production. The new offering features industry-leading silicon waveguides and advanced low-loss silicon nitride waveguide technology. The larger wafer size improves compatibility with industry-standard OSAT platforms, enabling better integration with electronic components and enhanced efficiency.
Tower Semiconductor (NASDAQ/TASE: TSEM) has commenced volume production of 1.6 Tbps silicon photonic products for multiple lead customers using its latest Silicon Photonics (SiPho) platform. The new platform doubles data rates compared to current 800 Gpbs products, supporting 200Gbps per lane across eight parallel lanes. This advancement addresses increasing demands for faster, high-capacity solutions in AI, cloud computing, and data centers. Coherent Corp., a key partner, has announced 1.6Tbps optical transceivers based on this technology while ramping up their SiPho based 8x100G transceivers production.
Tower Semiconductor (TSEM) reported Q3 2024 revenue of $371 million, up 6% from Q2 2024's $351 million. Gross profit reached $93 million, with operating profit at $56 million. Net profit was $55 million, reflecting 15% net margin and $0.49 EPS. The company announced a $350 million investment plan to expand SiPho and SiGe capacity across multiple facilities. Q4 2024 revenue guidance is set at $387 million (±5%), continuing the trend of quarter-over-quarter growth driven by strong double-digit year-over-year increases in key technology platforms.
Tower Semiconductor (NASDAQ/TASE: TSEM) has announced the production of Wi-Fi 7 RF front-end module (FEM) devices using its advanced 300mm RFSOI technology. In collaboration with Broadcom (NASDAQ: AVGO), Tower has enabled fully integrated Wi-Fi FEM devices on a single RFSOI die, offering superior performance and efficiency compared to existing non-SOI technologies.
The partnership leverages Tower's leading RFSOI platform to enable innovative architectural options for integrated front-end module designs. This highly integrated process reduces chip area while supporting new features and frequency bands. Tower's RFSOI technology delivers best-in-class silicon-based switch and LNA performance, with widespread adoption in the industry.
Tower Semiconductor (NASDAQ/TASE: TSEM) has announced its 2024 Technical Global Symposium (TGS), focusing on analog technology innovations. The events will be held in-person in the USA and China, exploring the theme 'Empowering the Future: Analog Technology Innovations Shaping Our World'. Key topics include AI's impact on industries, technology megatrends, and Tower's solutions in connectivity, power applications, and digital imaging.
The symposium will feature a keynote by CEO Russell Ellwanger and in-depth sessions on Tower's RF SOI, SiGe, SiPho, power management, imaging, and display technologies. Industry leaders Innolight and Nvidia will present on optical communication and AI innovations. The events offer networking opportunities and are scheduled for September 24, 2024, in Shanghai and November 20, 2024, in Santa Clara, California.
Tower Semiconductor (NASDAQ: TSEM) reported its Q2 2024 financial results, showing revenue of $351 million, up from $327 million in Q1 2024. Gross profit increased to $87 million from $73 million in Q1. Net profit rose to $53 million ($0.48 per share), compared to $45 million ($0.40 per share) in Q1. The company generated $113 million in operating cash flow and invested $113 million in equipment and fixed assets. Tower Semiconductor guides Q3 2024 revenue to be $370 million (±5%), reflecting year-over-year and quarter-over-quarter growth. CEO Russell Ellwanger highlighted strong performance in mobile, advanced Power platforms, and expanding demand in the optical space, particularly for AI applications.
Tower Semiconductor, a leading foundry for high-value analog semiconductor solutions, will release its second quarter 2024 earnings on July 24, 2024. The company has scheduled a conference call on the same day at 10:00 a.m. Eastern Time to discuss its financial results and provide guidance for the third quarter of 2024.
The call will be webcasted and accessible via the Investor Relations section on Tower Semiconductor's website. Additionally, the call can be accessed through various toll-free and international phone numbers. A replay of the teleconference will be available for 90 days.
Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reported revenue of $327 million for Q1 2024, a decline from $352 million in Q4 2023. Gross profit was $73 million, down from $84 million. Operating profit was $34 million, compared to $45 million. Net profit was $45 million, with basic EPS of $0.40. The company guides revenue for Q2 2024 at $350 million. Standard & Poor’s Maalot reaffirmed Tower Semiconductor’s corporate credit rating as “ilAA“/ stable. Cash flow from operating activities was $110 million.
